The voluntary winding up of the affairs of a Gibraltar company by its member(s) can be a relatively straightforward, cost-effective and time-efficient process, and for which a Gibco must be solvent upon commencement of its liquidation. In addition, the wide-ranging powers afforded to Liquidators of a Gibraltar entity allow significant flexibility in the manner of effecting liquidation distributions. So much so, that we have seen clients use the relative ease of redomiciliation of an entity into Gibraltar as a means of capitalising upon the advantages Gibraltar offers in bringing an entity to the conclusion of its life cycle. The below offers a brief, pictorial summary of the process. We have extensive experience assisting a vast array of clients, ranging from ‘blue-chip’ multinationals to individuals.
Kareem Abdul-Jabbar, one of the greatest basketball players of all time, amassed six championships during his career in the National Basketball Association, and scored 38,387 points (an NBA record). What […]
The European Parliament voted last week overwhelmingly in favour of pushing for the re-casting of the EU blacklist such as to widen its scope and effect. Jersey, Guernsey, Bermuda, Bahamas, […]
Almost a year removed from Covid-19’s inception and infiltration into western societies, corporations have attempted to remain flexible and responsive to the altered reality and business climate presented by the […]
Whatever the in principle accord regarding Gibraltar heralds and however it materialises, last Thursday 31 December 2020 was certainly a watershed moment for our jurisdiction – the stark, immediate reality […]
There’s never been a better time to set up a business in Gibraltar. Gibraltar continues to offer many advantages for entrepreneurs chasing their dream as well as international companies looking […]
Hassans advises many of the world’s the leading FinTech companies and have been instrumental in attracting some of the biggest cryptocurrency and blockchain-based brands and exchanges to Gibraltar, assisting with […]
Very shortly after the 23rd June 2016 Brexit vote, I bumped into my since sadly departed political friend (and occasional adversary), Juan Carlos Perez. On this day our analysis was […]